Business to Business (B2B) Telecommunication Market Prolific Business Methodology Considering Sales Till 2026
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Increasing adoption of novel technologies such as Internet of Things (IoT) and Cloud Computing are some of the factors driving growth of the market
Increasing adoption of IoT devices in various industries such as telecommunication, health, e-commerce, and others is major factor contributing to growth of the market. For instance, according to the Coherent Market Insights’ analysis, the number of IoT connected or installed in 2016 was 17.75 billion and it increased to 20.45 billion in 2017, globally.
Internet of Things enables physical objects, also known as smart devices, to connect and collaborate with each other without any human intervention. IoT devices can track an object, collect and analyze data, and take required actions. It can also be used to monitor activities of that object along with its progress in a specific time period.
B2B Telecommunication Market: Segment Trends
Among the deployment model, cloud-based segment exhibited significant growth in the market with highest CAGR over the forecasted period. This is owing to increasing adoption of cloud-based deployment owing to several benefits such as fast accessibility, flexibility, cost effectiveness, and others. Moreover, it helps businesses to remotely access their documents and data. Such factors increase demand for cloud-based deployment in various verticals such as healthcare, media and entertainment, BFSI, education, healthcare, manufacturing, and IT & telecommunication. For instance, according to the Cisco’s analysis, in 2014, workload density over the cloud was 5.1ZB and is expected to increase to 8.4ZB by 2019.
B2B Telecommunication Market: Regional Insights
On the basis of geography, the global B2B telecommunications market is segmented into North America, Europe, Asia Pacific, Latin America, Middle East, and Africa.
The market for B2B telecommunications in North America is expected to account for the largest share over the forecast period. Organizations of North America are focused on shifting business workload to cloud environment and this is one of major driving factors for growth of the B2B telecommunication in these particular region.
For instance, in 2016, North America accounted for around 42% of the cloud data center workload worldwide. Moreover, according to the Cisco analysis, in 2015, the cloud traffic was 1891 Exabyte (EB) and is estimated to reach 6844EB by 2020.
B2B Telecommunication Market: Competitive Landscape
Key players operating in B2B telecommunication market include, Comarch SA., Deutsche Telekom AG, NTT Communications, Verizon Communications Inc., Vodafone Group PLC, Orange S.A., AT&T Inc., Cisco Systems, Inc., Amdocs Ltd, and Telstra Corporation Limited.
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Key players are focused on merger and acquisition strategies in order to gain competitive edge in the market. For instance, in February 2016, Cisco Systems, the U.S.-based networking giant, acquired the network business division of Samsung Electronics. This acquisition is expected to further help Cisco to strengthen its business-to-business (B2B) segment.
B2B Telecommunication Market: Taxonomy
On the basis of solution:
• Unified Communication and Collaboration
• Cloud Services
• M2M Communication
On the basis of deployment model:
• On- premises
On the basis of applications:
On the basis of organization size:
• Small & Medium Enterprise
• Large Enterprise
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About Coherent Market Insights:
Coherent Market Insights is a prominent market research and consulting firm offering action-ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunity.
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